Monday 2 November 2026
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Farmland Partners Inc.
FPI Real Estate Reit Specialty
Farmland Partners Inc.’s revenue for fiscal 2025 (year ended December 2025) was $52.2 million, down 10.4% from fiscal 2024.
- Revenue
- −5.65%
- EPS
- −53.3%
- Free cash flow
- −94.9%
Quarter to June 2026, against a year earlier
8.43
0.37
−4.20%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
14.91 | 9.97 | 21.93 | 77.81 | 0.00 | 0.00 | 169.50 | 0.00 | 874.00 | 222.20 |
Piotroski F-Score |
5 | 8 | 6 | 7 | 6 | 5 | 6 | 3 | 4 | 7 |
P/S ratio |
8.21 | 9.60 | 10.74 | 10.36 | 8.00 | 5.04 | 3.82 | 2.60 | 5.90 | 4.73 |
P/FCF ratio |
4.07 | 1.81 | 3.42 | 0.00 | 0.00 | 6.98 | 4.63 | 24.51 | 0.00 | 0.00 |
P/Operating CF |
28.19 | 38.26 | 86.23 | 76.48 | 62.55 | 26.72 | 18.57 | 22.92 | 63.00 | 102.80 |
P/B ratio |
0.92 | 1.13 | 1.17 | 1.07 | 0.88 | 0.84 | 0.65 | 0.43 | 0.74 | 0.68 |
Price to Tangible BV |
0.92 | 1.14 | 1.18 | 1.08 | 0.89 | 0.84 | 0.65 | 0.43 | 0.74 | 0.68 |
EV/Sales |
8.03 | 8.26 | 10.64 | 10.24 | 7.42 | 4.51 | 3.58 | 2.30 | 4.74 | 3.21 |
EV/EBITDA |
64.72 | 15.76 | 23.19 | 19.15 | 14.94 | 7.26 | 5.49 | 3.35 | 7.18 | 5.74 |
EV/Operating CF |
24.04 | 29.78 | 47.45 | 36.76 | 48.85 | 11.58 | 10.67 | 6.46 | 236.00 | 19.74 |
EV/FCF |
3.99 | 1.56 | 3.39 | (25.37) | (71.07) | 6.23 | 4.35 | 21.68 | (0.97) | (0.75) |
Quick Ratio |
0.08 | 0.39 | 0.04 | 0.03 | 0.07 | 0.06 | 0.03 | 0.04 | 0.12 | 0.16 |
Current Ratio |
0.56 | 0.64 | 0.12 | 0.08 | 0.08 | 0.06 | 0.04 | 0.07 | 0.13 | 0.17 |
Net Debt/EBITDA |
(1.44) | (2.57) | (0.21) | (0.23) | (1.17) | (0.87) | (0.36) | (0.44) | (1.75) | (2.72) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.07 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 |
Operating CF/Net income |
0.61 | 0.29 | 0.46 | 2.03 | (1.35) | (3.74) | 13.59 | (47.63) | 1.02 | 4.28 |
Capex/Depreciation |
70.65 | 50.30 | 20.02 | (5.39) | (1.49) | 1.85 | 3.03 | (1.58) | (28.46) | (80.14) |
Interest Coverage |
0.54 | 1.31 | 0.79 | 1.55 | 1.06 | 1.26 | 1.34 | 1.58 | 1.66 | 1.57 |
| 5.99% | 11.03% | 4.95% | 1.58% | (1.50%) | (1.70%) | 0.41% | (0.12%) | 0.31% | 0.67% | |
| 3.63% | 5.97% | 2.55% | 0.74% | (0.53%) | (0.48%) | 0.12% | (0.04%) | 0.10% | 0.24% | |
ROIC |
0.71% | 3.71% | 2.15% | 2.66% | 2.38% | 3.33% | 3.71% | 3.98% | 3.05% | 5.80% |
Return on Tangible Assets |
5.31% | 8.80% | 4.41% | 1.22% | (1.00%) | (0.93%) | 0.23% | (0.07%) | 0.14% | 0.35% |
Average Days of Receivables |
30.84 | 26.87 | 49.18 | 42.07 | 34.57 | 29.67 | 37.58 | 39.94 | 52.52 | 49.23 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
22.47% | 24.17% | 19.62% | 19.61% | 15.86% | 11.63% | 11.39% | 13.11% | 15.70% | 22.65% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
4.13% | 4.03% | 3.22% | 2.49% | 2.44% | 2.09% | 2.67% | 2.94% | 3.01% | 3.95% |
Graham Net Nets |
(0.37) | (0.42) | (0.73) | (0.83) | (1.47) | (2.39) | (3.05) | (4.26) | (2.13) | (2.63) |
Graham Number |
12.44 | 16.62 | 11.52 | 6.48 | 0.00 | 0.00 | 3.06 | 0.00 | 1.64 | 4.29 |
Earnings Yield |
6.71% | 10.03% | 4.56% | 1.29% | (2.01%) | (2.07%) | 0.59% | 0.00% | 0.11% | 0.45% |
Free Cash Flow Yield |
24.54% | 55.21% | 29.24% | (3.89%) | (1.30%) | 14.33% | 21.58% | 4.08% | (83.15%) | (90.26%) |
Revenue per Share |
1.18 | 1.22 | 1.14 | 1.20 | 1.49 | 1.73 | 1.78 | 1.74 | 1.48 | 2.35 |
Operating CF per Share |
0.39 | 0.34 | 0.26 | 0.33 | 0.23 | 0.67 | 0.60 | 0.62 | 0.03 | 0.38 |
Capex per Share |
1.98 | 6.15 | 3.33 | (0.82) | (0.38) | 0.58 | 0.87 | (0.44) | (7.30) | (10.41) |
Free Cash Flow per Share |
2.38 | 6.49 | 3.59 | (0.48) | (0.16) | 1.25 | 1.46 | 0.19 | (7.27) | (10.03) |
Cash per Share |
0.21 | 1.65 | 0.11 | 0.15 | 0.87 | 0.93 | 0.42 | 0.53 | 1.72 | 3.57 |
Shareholders Equity per Share |
10.58 | 10.40 | 10.53 | 11.66 | 13.63 | 15.17 | 15.13 | 15.02 | 16.51 | 16.33 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
10.58 | 10.40 | 10.53 | 11.66 | 13.63 | 15.17 | 15.13 | 15.02 | 16.51 | 16.33 |
Free Cash Flow |
105.11 | 308.72 | 180.39 | (24.71) | (5.40) | 36.63 | 44.15 | 5.96 | (226.81) | (132.40) |
Working Capital |
(74.27) | (76.46) | (331.11) | (415.60) | (484.48) | (486.47) | (499.41) | (498.28) | (451.70) | (261.91) |
Capital Expenditures |
87.68 | 292.58 | 167.50 | (41.76) | (13.26) | 16.90 | 26.15 | (14.05) | (227.74) | (137.45) |
Net Current Asset Value |
(157.74) | (237.03) | (448.91) | (529.51) | (608.27) | (611.63) | (623.30) | (621.57) | (580.97) | (385.74) |
EV/EBIT |
80.06 | 19.47 | 33.97 | 25.09 | 22.83 | 10.23 | 7.29 | 4.35 | 9.73 | 6.37 |
Capex to Sales |
(1.68) | (5.02) | (2.91) | 0.68 | 0.26 | (0.33) | (0.49) | 0.25 | 4.93 | 4.43 |
Price to Operating Income |
81.84 | 22.65 | 34.28 | 25.40 | 24.62 | 11.45 | 7.77 | 4.92 | 12.11 | 9.38 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
Cash ROIC |
22.05% | 53.88% | 33.76% | (4.11%) | (1.08%) | 7.75% | 9.41% | 1.19% | (39.88%) | (50.39%) |
Accounts Receivable Turnover |
12.00 | 9.68 | 7.77 | 10.24 | 11.47 | 10.52 | 9.19 | 8.77 | 8.53 | 12.69 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (25.84) | (11.92) | 388.24 | 56.13 | 21.34 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
4.35 | 6.02 | 7.40 | 5.98 | 4.51 | 4.82 | 5.83 | 6.39 | 5.42 | 2.44 |
Average Inventory |
— | — | — | — | — | (0.42) | (0.74) | 0.02 | 0.11 | 0.11 |
Average Assets |
794.36 | 945.83 | 1,091.08 | 1,140.84 | 1,106.26 | 1,096.77 | 1,121.03 | 1,152.80 | 910.81 | 500.24 |
Average Common Equity |
480.99 | 511.71 | 561.42 | 533.04 | 388.99 | 309.73 | 326.41 | 355.11 | 293.27 | 177.06 |
Columns are period end dates